MANUFACTURING-

Qalaa Holdings’ United Foundries Company is planning to invest up to USD 10 mn in a new foundry in Helwan, Managing Director Waseem Abdullah told Hapi Journal. The new facility will focus on producing castings for the gold mining and cement industries, adding some 40k tons to the company’s production capacity and bringing total output to around 70k tons annually.

Abdullah said US tariffs on imports from major competitors like China, India, and Thailand create a competitive advantage for Egyptian products. The company plans to explore the US market to capitalize on new export windows, with around 83% of production earmarked for export.

SPORTS-

Contact Financial’s Sarwa Ins. will provide Zamalek Sporting Club comprehensive sports injury ins. coverage for all 150 of the club’s players across all categories, under an agreement inked between the two, the ins. company said in a statement.

This is the first policy of its kind in Egypt, covering a wide range of common on-field injuries, including ligament tears, bone fractures, dislocations, emergency dental treatments, and rehabilitation costs, according to Al Mal.

INVESTMENT-

Dairy and juice giant Beyti is planning to invest over EGP 7 bn in the next three to five years to boost production capacity, General Manager Chris Abboud told Asharq Business. The subsidiary of Saudi Arabia’s Almarai will allocate EGP 1.5 of that amount this year and is targeting a 20-25% increase in sales over the next three years.

REMEMBER- Beyti has recently received an EGP 1 bn investment from Almarai to ramp up production by adding two new cheese production lines.

HOSPITALITY-

Hospitality giant Hilton will launch two new hotels in the new capital under two agreements inked with Selim Holding Group subsidiary Panax Company, according to a statement from the Administrative Capital for Urban Development. The two hotels — Hilton Cairo New Capital Downtown and Hilton Garden Inn Cairo New Capital Downtown — are scheduled for opening in 2028.

EVs-

Chinese tech giant Huawei is considering installing electric vehicle charging stations in the new capital, according to a statement from the Administrative Capital for Urban Development (ACUD). Beyond EV infrastructure, is also eyeing future cooperation with the new capital on data centers, AI applications, and smart city management solutions.

ENERGY-

Scatec’s 1 GW Obelisk solar plant will be connected to the grid by 220 kV transmission lines built under a contract between the Egyptian Electricity Transmission Company (EETC) signed a contract with the consortium of Kharafi National and Power Ring, according to an EETC statement. The project – to be completed within eight months – will extend a 220 kV Nagaa Hammadi Industrial-South Qena overhead line and link it to the Scatec facility, and construct a 12 km, 220 kV overhead transmission line between Old Nagaa Hammadi and the plant, under the supervision of the Upper-Egypt Electricity Zone.

M&A-

Ostoul Capital is eyeing two acquisitions this year, including a 30% stake in a local food company, and 40-50% of a laboratory, Zawya reports citing Chairman Aly El Ghannam. The firm allocated around EGP 100 mn for acquisitions this year. They are also evaluating two acquisitions in the education and healthcare sectors.

The group also is set to launch two investment funds — an equity fund and a balanced fund each with a size of EGP 100-150 mn— in the second half of the year, with a view to roll out a VC fund further down the line.

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